Industrial IoT (IIoT) has transitioned from being a trending buzzword to becoming a close reality, as organisations are stepping into the actual implementation phase. The progressive improvement in computer prowess, simultaneously backed by electronic advances in sensor technology, has led to an era of convergence by creating innumerable data points and allowing technology to make sense of it. Businesses are now in a race to convert raw machine and process data into actionable and useful insights in real time. This era of convergence, which would help human beings attain new levels of efficiency with readily available actionable information, is made possible by various functional elements, such as communication hardware, cloud storage, analytic tools, visualization, and user interface (UI) development tools that constitute the concept of Industrial IoT.

IoT platforms are at the core of this revolution, providing users with the flexibility and tools needed to develop application-centric functions unique to each industry, and are emerging as a one-stop solution for all factory needs. This report analyses, compares, and benchmarks industrial IoT platforms to provide readers with a comprehensive view of the IIoT platform marketplace.

This research service can be useful in understanding the central framework of IIoT platforms and the operations connecting factory equipment to the business-end of the organization. It also highlights the prevalent innovation hubs around the world that are burgeoning in various IIoT areas. Key technology and business trends influencing the evolution of industrial IoT platforms have also been discussed in this research service. In addition, it also profiles existing industrial IoT platforms by analysing their architecture, operating capabilities, customer groups, and future expansion strategies.